September 2016 Archives

On behalf of McMahon Law Firm, Attorneys and Counselors at Law posted in Estate Planning on Wednesday, September 28, 2016.

Many New York residents understand the importance of having a will. A will allows individuals to dictate how their estate will be distributed after death, and documents the testator's wishes regarding burial plans, care of minor children and other end-of-life issues. Unfortunately, some individuals think that a will is the only type of estate planning they need to worry about. This is often not the case.

New York residents should know that probate is a legal process that requires careful attention to detail as well as a strong knowledge of the correct legal documents that have to be filed. When individuals attempt to complete a probate on their own, they may inadvertently make a mistake that can cause a number of costly and time-consuming issues.

On behalf of McMahon Law Firm, Attorneys and Counselors at Law posted in Care Planning on Tuesday, September 20, 2016.

Finding someone to look after a parent or parents can be a difficult proposition, but it may be a more desirable alternative to a nursing home or senior living facility. If the parent(s) is/are essentially healthy, care may only amount to homemaker services where someone would drive, look after personal care, cook, clean, monitor medication consumption, do laundry, run errands, attend doctors appointments, and/or other day-to-day tasks.

On behalf of McMahon Law Firm, Attorneys and Counselors at Law posted in Estate Planning on Thursday, September 15, 2016.

It is fairly common for New York families to have at least one adult child who is not good with handling his or her money. In that situation, the parent might worry about leaving the child a large sum of money under a will.

On behalf of McMahon Law Firm, Attorneys and Counselors at Law posted in Estate Planning on Thursday, September 8, 2016.

For many people in New York, the property that they call home is their most valuable asset. Most homeowners would like to pass their home and the other assets that they have accumulated over their lifetime to members of their family in their will. However, a home that has significantly grown in value over the years may cut into a person's gift and estate tax exemptions and the beneficiaries' inheritance.

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From our office in Camillus, New York, the McMahon Law Firm, Attorneys and Counselors at Law, serves clients throughout upstate New York in Camillus, Syracuse, Auburn, Onondaga,
Onondaga County, Cayuga County, Oswego County and Oneida County.